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Council approves plans for Rustic Point Park; city to front costs pending TIF reimbursement
Summary
The council approved 100% construction plans and a $258,278.50 estimated cost for Rustic Point Park. Staff said the subdivision’s tax-increment financing will reimburse the city, which must budget general-fund or GO debt up front to certify the debt.
The Dubuque City Council on Sept. 2 approved 100% construction plans and specifications for Rustic Point Park with an estimated cost of $258,278.50. Parks staff said the lot was donated to the city as part of the Rustic Point subdivision and that the park’s construction obligation triggers when 50% of the subdivision’s homes are completed.Photo: WHKS and Company led a community-engagement process including online surveys, mail postcards and an in-person event; consultants Lovely City Consulting and Ritland Kuiper participated.Nut graf: The…
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